As the economy is expected to rebound in the United States followed by Europe, global textiles industry is in the need of demand revival. The past eighteen months has witnessed rocky economic climate showing anomalies such as high inflation, strong labour market and weak consumer demand. The
In a written reply, Minister of State for Textiles Darshana Jardosh informed Lok Sabha that during the last three years and the current year, 183,844 beneficiaries have been trained under the Samarth scheme. The written reply added that 1,880 textiles training centres are operating in the country under the scheme as on 20 July, 2023. […]
Tamil Nadu Chief Minister MK Stalin has demanded scrapping import duty of 11 percent on raw cotton imports, banning waste cotton exports and restructuring the Emergency Credit Line Guarantee Scheme (ECLGS). In a letter to PM Narendra Modi, Stalin said these three measures are needed to help revive spinning mills mainly in the MSME category […]
The Ministry of Textiles has decided to keep the PLI Portal open till August 31, 2023 for inviting applications from interested companies under PLI scheme of Textiles for MMF Apparel, MMF Fabrics and products of Technical Textiles. In a notification dated July 18, the Ministry of Textiles stated that it did so, considering numerous requests […]
The Indian textiles and garment industry is witnessing an unparalleled financial crisis due to various reasons and which have disrupted exports of yarns, fabrics and garments to the main markets of the US and EU. The reasons include the prolonged Russian-Ukraine war, higher inflation, slow-down in global economy, 11 percent import duty levied on cotton […]
The Gujarat government and the Centre signed a memorandum of understanding on July 13, 2023, to establish the PM MITRA textile park in Navsari district. Covering a vast 1,141 acres of land in Vansi-Borsi village, this ambitious project aims to foster a circular economy in the region. The PM Mega Integrated Textile Regions and Apparel […]
The textiles ministry has empanelled 43 new implementing partners under the Scheme for Capacity Building in Textiles Sector (SAMARTH), with an additional training target of 75,000 beneficiaries and 5 percent increment in support to implementing partners. Under SAMARTH, the government of India has partnered 157 textile industries, trade associations and various central and
Piyush Goyal, Union Minister of Textiles informed that India is actively considering the possibility of Comprehensive Economic Partnership Agreements (CEPAs) and Free Trade Agreements (FTAs) with various countries. He said that these agreements aim to enhance the market size and facilitate exporters and by entering into these agreements, India aims to tap into new markets,